MiraMed Ajuba Junior Accountant Interview Questions and Answers

In the aptitude test, they gave me logical reasoning tests and different hypothetical situations.

Q1. Tell me something about you self
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It will be basic of aptitude and process related questions

Q1. Introduce yourself and about your experience if you have any?
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Q2. Basic accounting question
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Q3. Accounting entries and golden rule
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Q4. Educational or experience gap if any
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Q5. Question regarding company
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Q1. Salary discussion and onboarding process
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Q1. Golden rules of accounting
Ans. 
Golden rules of accounting are basic principles that guide the recording of financial transactions.
• The first golden rule is Debit the receiver and credit the giver.

• The second golden rule is Debit what comes in and credit what goes out.

• The third golden rule is Debit all expenses and losses and credit all incomes and gains.

• These rules ensure accuracy and consistency in financial reporting.

• For example, when a company rece...read more
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Q2. What is accounts payable
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Accounts payable is the amount of money a company owes to its vendors or suppliers for goods or services received but not yet paid for.
• Accounts payable is a liability on the balance sheet

• It represents the amount owed to vendors or suppliers

• It includes invoices received but not yet paid

• It is an important part of cash flow management

• Examples include rent, utilities, and inventory purchases
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In aptitude test you will get questions from SAP and basic accounting also from math reasoning and English grammar

Q1. They will ask you some accounts questions if u r from commerce background
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Aptitude test improv my knowledge and my confidence

Q1. What is P2P process? What is ERS?
Ans. 
P2P process is the procurement-to-payment process that involves all activities from purchasing to payment of goods and services.
• P2P process includes requisitioning, purchasing, receiving, invoicing, and payment

• It ensures that goods and services are procured at the best price and delivered on time

• ERS (Evaluated Receipt Settlement) is a P2P process where payment is made based on the receipt of goods or services

• ERS elimin...read more
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Q2. What is accounting? Accounting principles?
Ans. 
Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions.
• Accounting principles include the accrual principle, the consistency principle, the materiality principle, and the conservatism principle.

• Accrual principle states that revenue and expenses should be recognized when earned or incurred, not when cash is received or...read more
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